Sep 19, 2017

Where Toys "R" Us ranks among retail bankruptcies

Dan Primack, author of Pro Rata

Toys "R" Us is the second-largest retail bankruptcy of all time, in terms of assets at the time of going under, according to S&P Global Market Intelligence. The only one with more assets was Kmart back in 2002.

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Data: S&P Global Market Intelligence; Chart: Chris Canipe / Axios

  • Breakdown: Nearly half of the company's $6.6 billion in assets are in property and equipment, while another $2.4 billion relates to inventory (data through April 29, 2017).
  • Symmetry: $6.6 billion is also the same amount that private equity firms paid to acquire Toys "R" Us in 2005, a deal whose giant debt-load helped contribute to today's bankruptcy filing.

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Updates: George Floyd protests continue past curfews

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday across the U.S. for the eighth consecutive day — prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: Protesters were still out en masse even as curfews set in Washington, D.C., and New York City. Rep. Alexandria Ocasio-Cortez (D-N.Y.) slammed the New York Police Department late Tuesday following reports of police kettling in protesters on Manhattan Bridge.

Primary elections test impact of protests, coronavirus on voting

Election official at a polling place at McKinley Technology High School in Washington, D.C. Photo: Drew Angerer/Getty Images

In the midst of a global pandemic and national protests over the death of George Floyd, eight states and the District of Columbia held primary elections on Tuesday.

Why it matters: Joe Biden, the presumptive Democratic nominee, needs to win 425 of the 479 delegates up for grabs in order to officially clinch the nomination. There are a number of key down-ballot races throughout the country as well, including a primary in Iowa that could determine the fate of Rep. Steve King (R-Iowa).

Iowa Rep. Steve King defeated in GOP primary

Rep. Steve King. Photo: Alex Wroblewski/Getty Images

State Sen. Randy Feenstra defeated incumbent Rep. Steve King in Tuesday's Republican primary for Iowa's 4th congressional district, according to the Cook Political Report.

Why it matters: King's history of racist remarks has made him one of the most controversial politicians in the country and a pariah within the Republican Party.